Banks across the Association of Southeast Asian Nations are enjoying a period of overall strong results, off the back of growing economies and a boost from changes to global manufacturing supply chains.
Singapore’s banks hold firm at the top of the overall ranking, with DBS, United Overseas Bank and Oversea-Chinese Banking Corporation retaining their first, second and third places, respectively. All three saw growth in Tier 1 capital, and an increase in pre-tax profits of more than 20 per cent.
